The Home Depot, Inc. (NYSE:HD) is Carson Advisory Inc.’s 10th Largest Position

Carson Advisory Inc. reduced its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,584 shares of the home improvement retailer’s stock after selling 418 shares during the period. Home Depot accounts for 1.7% of Carson Advisory Inc.’s portfolio, making the stock its 10th largest position. Carson Advisory Inc.’s holdings in Home Depot were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Blue Fin Capital Inc. lifted its stake in shares of Home Depot by 0.3% during the second quarter. Blue Fin Capital Inc. now owns 8,966 shares of the home improvement retailer’s stock worth $2,785,000 after buying an additional 31 shares during the period. Washington Trust Advisors Inc. raised its position in shares of Home Depot by 0.4% in the second quarter. Washington Trust Advisors Inc. now owns 7,151 shares of the home improvement retailer’s stock worth $2,221,000 after acquiring an additional 32 shares during the period. Key Financial Inc raised its position in shares of Home Depot by 0.6% in the second quarter. Key Financial Inc now owns 5,198 shares of the home improvement retailer’s stock worth $1,615,000 after acquiring an additional 32 shares during the period. Blume Capital Management Inc. raised its position in shares of Home Depot by 7.7% in the second quarter. Blume Capital Management Inc. now owns 445 shares of the home improvement retailer’s stock worth $138,000 after acquiring an additional 32 shares during the period. Finally, JB Capital LLC increased its stake in shares of Home Depot by 0.5% during the second quarter. JB Capital LLC now owns 6,527 shares of the home improvement retailer’s stock worth $2,027,000 after purchasing an additional 33 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In related news, EVP William D. Bastek sold 1,612 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $313.90, for a total value of $506,006.80. Following the completion of the transaction, the executive vice president now owns 17,966 shares in the company, valued at approximately $5,639,527.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP William D. Bastek sold 1,612 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $313.90, for a total value of $506,006.80. Following the completion of the transaction, the executive vice president now owns 17,966 shares in the company, valued at approximately $5,639,527.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kimberly R. Scardino sold 1,375 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total transaction of $421,451.25. Following the completion of the transaction, the chief accounting officer now owns 6,744 shares of the company’s stock, valued at $2,067,103.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,114 shares of company stock worth $966,456. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. Guggenheim cut their target price on shares of Home Depot from $360.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $311.00 to $400.00 in a research note on Tuesday, January 16th. Wedbush raised shares of Home Depot from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $330.00 to $380.00 in a research note on Wednesday, January 10th. Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $325.00 price objective on shares of Home Depot in a research note on Wednesday, November 15th. Eleven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $351.31.

Read Our Latest Stock Analysis on HD

Home Depot Stock Performance

Shares of HD stock traded up $1.03 during mid-day trading on Thursday, hitting $363.72. The stock had a trading volume of 2,296,253 shares, compared to its average volume of 3,023,691. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $365.65. The firm has a market cap of $362.00 billion, a PE ratio of 23.45, a PEG ratio of 2.54 and a beta of 0.98. The company has a debt-to-equity ratio of 28.37, a current ratio of 1.30 and a quick ratio of 0.33. The company’s 50-day simple moving average is $346.91 and its 200-day simple moving average is $323.46.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 EPS for the quarter, topping the consensus estimate of $3.75 by $0.06. Home Depot had a net margin of 10.22% and a return on equity of 1,339.65%. The company had revenue of $37.71 billion during the quarter, compared to analysts’ expectations of $37.59 billion. During the same quarter last year, the business earned $4.24 EPS. The business’s revenue was down 3.0% on a year-over-year basis. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.05 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a dividend of $2.09 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $8.36 annualized dividend and a dividend yield of 2.30%. Home Depot’s dividend payout ratio is currently 53.66%.

Home Depot Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

Further Reading

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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